March, 2 2023 bm|t launches two new funds for start-up and growth financing in Thuringia

bm‑t beteili­gungs­man­age­ment thürin­gen gmbh (bm|t) announces the launch of two new ven­ture cap­i­tal funds: TSF II and WBF II. The two funds have a total invest­ment amount of € 55 mil­lion and con­tinue the early and growth stage invest­ment activ­i­ties of the TSF and WBF funds.

The TSF II fund has a vol­ume of € 30 mil­lion and will invest in young and inno­v­a­tive small com­pa­nies in the pre-seed and seed phase that are no more than 5 years old. An invest­ment of up to € 1.5 mil­lion per com­pany is pos­si­ble. The WBF II fund has a vol­ume of € 25 mil­lion and will invest in inno­v­a­tive small and medium-sized com­pa­nies in the growth phase that are no more than 8 years old. Here, an invest­ment per com­pany of up to € 4 mil­lion is pos­si­ble in the same amount as co-invest­ment of pri­vate investors.

The Stiftung Thüringer Beteili­gungskap­i­tal (ThüB) and the EFRE fund pro­vide the cap­i­tal for the two funds, which are man­aged by bm|t. Thus, bm|t can con­tinue to pro­vide cap­i­tal to Thuringian com­pa­nies from the pre-seed to the growth phase and strength­ens its posi­tion as a lead­ing early-stage and growth investor for Thuringian companies.

The two funds aim not only to strengthen the resilience of Thuringia’s econ­omy and pro­mote the nec­es­sary trans­for­ma­tion of exist­ing struc­tures, but also to con­tribute to cur­rent social chal­lenges. This includes dri­ving decar­boniza­tion and pro­mot­ing greater sustainability.

Kevin Reeder, Man­ag­ing Direc­tor of bm|t, said, “We are very pleased to launch the two new funds, seam­lessly con­tin­u­ing the suc­cesses from TSF and WBF. With these funds, we will help inno­v­a­tive young com­pa­nies in Thuringia to imple­ment their ideas and grow. At the same time, we will help make Thuringia’s econ­omy more resilient and sustainable.”

bm|t has been active as an early-stage and growth investor in Thuringia since 2003 and has already invested in more than 130 companies.